Economics Quizzes, Questions & Answers

Recent Quizzes

Government And Economic Influences On Business Activity

Government and economic influences on business activity

This quiz assesses understanding of government and economic influences on business activity, exploring topics like inflation, economic growth, and taxation. It is designed to test knowledge on how governmental policies impact...

Questions: 15 | Attempts: 185 | Last updated: Mar 21, 2023

Sample Question
All of the following are examples of government economic objectives except:

Low price inflation

Economic growth

Low levels of unemploymen

Low levels of exports.

Types Of Business Activities: Quiz!

Types of Business Activities: Quiz!

Explore key economic concepts through this engaging quiz! Topics include production stages, market economies, and the role of government in business. Ideal for learners seeking to understand economic principles and their...

Questions: 15 | Attempts: 1584 | Last updated: Apr 27, 2023

Sample Question
The primary stage of production is concerned with:

Growing crops and extracting the earth’s natural resources

Providing services to consumers and industry

converting natural resources into finished goods

transporting goods to the final consumer.

Business Studies: The Purpose Of Business Activity Quiz #3

Explore the fundamentals of economic principles in Business Studies: The Purpose Of Business Activity Quiz #3. This quiz assesses understanding of the economic problem, factors of production, opportunity costs, economic choices,...

Questions: 13 | Attempts: 800 | Last updated: Mar 22, 2023

Sample Question
Which of these is the best definition of the ‘economic problem’?

People do not have enough money.

There are not enough resources to satisfy people’s unlimited wants.

There are not enough wants for the unlimited resources to satisfy.

There are too many factors of production.

Can You Pass This Basic Economics Test? Quiz

Can you pass this Basic Economics test? Quiz

Some people want to seek a career in economics but do know much, especially when it comes to the basics of this study. This is an online interactive quiz in Economics meant to test your knowledge in Economics as well as give...

Questions: 11 | Attempts: 1093 | Last updated: Mar 21, 2023

Sample Question
1. Which of the following decisions must be made by all economies?

A. How much to produce? When to produce? How much does it cost?

B. What is the price? Who will produce it? Who will consume it?

C. What to produce? How to produce? For whom to produce?

D. none of the above.

Trivia Quiz: The Laws Of Economics

Trivia Quiz: The Laws of Economics

Curious about economics? Take The Laws Of Economics Quiz to test your understanding of fundamental economic principles! From supply and demand to market equilibrium, this quiz covers the basics of how economies work. Challenge...

Questions: 30 | Attempts: 206 | Last updated: Feb 27, 2024

Sample Question
Resource pricing is important because:

Resource prices are a major determinant of money incomes.

Resource prices allocate scarce resources among alternative uses.

Resource prices, along with resource productivity, are important to firms in minimizing their costs.

All of these reasons.

Federal Reserve Bank Quiz

This quiz will test to see how much you know about our Federal Reserve Bank and how important it is to the United States.

Questions: 10 | Attempts: 484 | Last updated: Jan 19, 2023

Sample Question
How many District Banks are there?

10

11

12

13

Economics Vocabulary Trivia Questions! Quiz

How well do you know economics vocabulary? Could you pass this quiz? The following are exemplars of the terminology used in economics. In economics, scarcity refers to the state of not having enough of something. Goods are...

Questions: 11 | Attempts: 467 | Last updated: Mar 21, 2023

Sample Question
Money paid to an employee.

Wage

Goods

Services

Profit

Trivia: Economics Quiz For Students!

Trivia: Economics Quiz for Students!

An economic student has the power to help one utilize their resources in order to meet their unlimited wants. There are some different terms that an economics student can be expected to understand. This is an interactive quiz...

Questions: 12 | Attempts: 628 | Last updated: Mar 14, 2023

Sample Question
Scarcity exists

When people consume beyond their needs.

Only in rich nations.

In all countries in the world.

Only in poor nations.

Circular Flow Model Quiz

Do you know how money travels around in our world? If not then jump into our Circular Flow Model Quiz and see how money and goods move like a merry-go-round in our economy. This quiz is your chance to really understand how...

Questions: 10 | Attempts: 793 | Last updated: Aug 28, 2024

Sample Question
What does the Circular Flow Model primarily illustrate?

The trade of stocks

Government spending

The movement of money and resources

Natural resource usage

Economics Unit Test! Ultimate Trivia Quiz

Economics, at its base level, is all about consumerism. If there’s something you can produce and distribute to be bought and sold, it contributes towards the economy of the area in which it is taken place, at the highest...

Questions: 24 | Attempts: 2449 | Last updated: Mar 19, 2023

Sample Question
What are things we do NOT need to survive?

Needs

Wants

Producer

Services

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